Registration:
CITO NIDHI Limited is a trusted financial Organization which was promoted and established by the Core Banking Professionals with 25+ Years of Banking Experience across all verticals. It’s a Quasi Banking Mutual Benefit Company with Co-Operative Principles registered under Section 406 of the Companies Act, 2013 (Section 620A of the Companies Act, 1956) with RBI Nidhi rules. It’s duly approved by the Govt. of India, Ministry of Corporate Affairs (MCA). A Nidhi is wholly or partially regulated by the RBI, and is enabled to issue directions to them in matters identifying with their deposit acknowledgment activities and Lending activities
Disclosure Norms:
The Companies Act, 2013 & Rule 5 of Nidhi Rules, 2014 under the section 406, the Nidhi considered are required to file a return as per statutory compliance form NDH 1 with in the 90 days from the ending of first financial year after the applicability and incorporation till second year. And It should also comply with NDH 2, NDH 3 and NDH 4 as pet the timelines.
| NDH-1 | Return of Statutory Compliances.
[Pursuant to sub rule (2) of rule 5 of Nidhi Rules, 2014). |
| NDH-2 | Application for extension of Time.
(Pursuant to sub-rule (3) of rule 5 of Nidhi Rules, 2014). |
| NDH-3 | HALF YEARLY RETURN
(Pursuant to rule 21 of Nidhi Rules, 2014) |
| NDH-4 | Application for Declaration/ Updation of status of Nidhis [Pursuant to section 406 of the Companies Act, 2013 and rule 3A, rule 23A and rule 23B of the Nidhi Rules, 2014] |
Regulatory:
CITO NIDHI LIMITED is registered under Section 406 of the Companies Act, 2013 (Section 620A of the Companies Act, 1956) and is duly approved by the Govt. of India, Ministry of Corporate Affairs (MCA). Nidhis come under regulatory purview of RBI, Govt. of India, SEBI (for listed Companies).
Shareholders' Charter:
CITO Nidhi's shareholders depend on the Board for strategic guidance and oversight of the Company. The Board recognizes its responsibility to act honestly, fairly and diligently, in accordance with the law, in serving the interests of CITO Nidhi’s shareholders with shareholders being the focus of CITO Nidhi’s strategy. The main objective is to increase the value of shareholder investment through strong, steady growth in earnings and dividends over the long term. CITO Nidhi’s responsibility towards its shareholders, formalized in the Shareholders’ Charter, is based on three commitments:
1. A company that has consideration and respect for all its shareholders
2. A company that remunerates and increases investment value over the long term for its shareholders
3. A company that listens to and informs shareholders.
Notice to Shareholders:
The relevant Statement made pursuant to Section 102 (1) of the Companies Act, 2013 in respect of Special Business to be transacted at the Annual General Meeting, set out in the Notice, is enclosed hereto and forms part of the Notice. First AGM Notice Will Be Available Soon.
The relevant Statement made pursuant to Section 102 (1) of the Companies Act, 2013 in respect of Special Business to be transacted at the Annual General Meeting, set out in the Notice, is enclosed hereto and forms part of the Notice. First AGM Notice Will Be Available Soon.